NorthMarq’s Noah Juran negotiates $2.565 million refinance of Cincinnati Apartment Portfolio
CINCINNATI, OHIO (August 4, 2020) – Noah Juran, senior vice president/managing director of NorthMarq’s Cincinnati office secured the $2,565,000 refinance of a 47-unit apartment portfolio located in Cincinnati, Ohio. The transaction was structured with a 7-year term on a 25-year amortization schedule. NorthMarq arranged the permanent-fixed loan for the borrower through its relationship with a local bank.
“This was a great loan for the borrower as they locked in a low rate for seven years and pulled out substantial cash which they will use to grow their portfolio,” said Juran.
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